Gazprom hopes to bolster its profits by cutting out the middle men in Europe's only fully liberalised market

Google flexes its advertising muscle with $3bn takeover

Google has tightened its grip on the global online advertising market with the $3.1bn (£1.6bn) takeover of DoubleClick, the US-based internet marketing group.

Sainsbury's casts fresh eye on land bank

The board of J Sainsbury is set to instruct Atisreal, the property consultants, to revalue its property portfolio, after the supermarket giant saw off a takeover bid last week led by CVC, the private equity group.